Third Avenue Management LLC , a registered investment adviser based in New York, today announced that it has completed the previously announced merger of the Third Avenue International Value Fund into the Third Avenue Value Fund , after successfully obtaining Board and shareholder approvals.

Third Avenue Management LLC , a registered investment adviser based in New York, today announced it was taking significant steps to strengthen its focus on value investing, by deepening the Firm’s investment team, establishing new portfolio management teams, and streamlining its lineup of funds.